Despite the increased fractionation capacity being built at Mont Belvieu to compensate for the additional NGLs flowing to the hub, there doesn’t appear to be a strong need for additional storage capacity, according to Wells Fargo Securities. The investment firm stated there is currently 200 million barrels of NGL storage at the hub, but according to EIA data NGL inventory in PADD III was only 74.7 million barrels in August, which implies a 37% utilization rate.It is expected that fractionation capacity at the hub will increase by 65% in the...